ION Group's acquisition spree shows no sign of ending, with the fintech firm's Pattington subsidiary agreeing to buy FFastFill in a cash deal which values the UK derivatives trading vendor at £106.1 million.
Fintech vendor ION Group has acquired Financial Software Systems, a US provider of treasury management, capital market and wealth management technology. Financial terms of the deal were not disclosed.
Eris Exchange, a US-based futures exchange, today announced that ION Trading, a provider of electronic trading, pricing and risk management systems across asset classes, will introduce a new gateway providing connectivity to Eris Exchange in July.
Hit hard by the collapse of its largest customer, MF Global, troubled UK screen-dealing software house Patsystems has been approached about a takeover by ION Trading.
ION Trading, a leading provider of high-performance trading infrastructure and automation solutions for capital markets, has completed the acquisition of Wall Street Systems, the global provider of treasury, trading and settlement solutions. No financial terms were disclosed.
Ion Trading has signed a definitive agreement to acquire Wall Street Systems. No financial details have been disclosed.
FFastFill notes today's media coverage concerning a large trade in its shares yesterday and confirms that 76.7m of its shares were exchanged on Thursday afternoon.
Shares in Patsystems gained in morning trading after the AIM-listed dealing systems vendor reported higher full year pre-tax profit and said prospects for 2008 are in line with its business plans.
Patsystems was advised on 20th November 2007 that ION Trading Ireland Limited purchased 6,100,000 ordinary shares of 1p each in Patsystems.
Australia's Macquarie Bank has signed an agreement to roll out Patsystems' new hosted electronic trading platform across its futures division.
© Finextra Research 2013